Rick Ames et al v. Patrick Nelson et al: Complaint (‘$75M Securities Fraud & Elder Financial Abuse’)

Complaint alleging “a Ponzi scheme with a slight twist” in Rick Ames et al v. Patrick Nelson, Nelson Partners LLC, Axonic Capital LLC, Clayton DeGiancinto, AXSPV LLC Series NB CRE Lender, AXSPV LLC Series SBL CRE Lender, AXSPV LLC Series ACO CRE Lender, Burgundy 523 Offshore Fund Ltd., of the Cayman Islands; Axonic Special Opportunities SBL Master Fund LP, Axonic Credit Opportunities Master Fund LP, of the Cayman Islands, and NP Skyloft DST at the U.S. District Court for the Central District of California.